Divorce is one of life’s biggest transitions. Along with dividing property, adjusting finances, and navigating new family dynamics, it’s also important to review your estate plan. While the attorneys at Reed Wilson Case do not practice family law or handle divorce proceedings, we frequently help clients update their estate planning documents after a divorce or…
Whether you are putting together your own Will or standing to receive assets left to you by someone else, you may wonder what the actual difference is between a beneficiary vs an heir. Some people may use the terms interchangeably, however, heirs and beneficiaries are not the same thing. Not all heirs are beneficiaries, and…
Creating a children’s trust does not mean you are creating irresponsible teenagers, driving fancy cars, and vacationing in Cannes for the weekend. You may be picturing the old-school version of a “trust fund kid”. Don’t worry, I was too. But children’s trusts are not just for the wealthy anymore. It’s a smart estate planning tool…
In December 2018, the Social Security Administration (SSA) had a nasty surprise for Laura Marshall (not her real name), a 74-year-old woman just scraping by in senior citizen housing in New York City’s Harlem neighborhood. The agency demanded that she repay more than $10,000 in benefits, claiming that she owned two properties — one in…
Preparing for a baby comes with a long list of things to do. You may be setting up the nursery, choosing a pediatrician, arranging childcare, reviewing health insurance, and making sure you have everything you need for those first few weeks at home. One important item that is easy to overlook is estate planning. Estate…
Buying real estate is one of the largest financial decisions most people will ever make. Whether you’re purchasing a home with your spouse, a family member, or a business partner, one important decision is often overlooked: How should you hold title to the property? The way ownership is listed on the deed determines what happens…
